CPA · Condominium Property Regulation
Part 7 — Purchaser's Protection Programs
69 Certificate of sponsor
purchaser enters into a purchase agreement with a developer for the
purchase of a unit, the program provider must, subject to
subsection (2), provide to the purchaser a certificate setting out at
least the following:
(a) that the purchaser's prot ection program, together with any
amendments to it, has been approved by the Minister in
accordance with the Act and this Regulation;
(b) the name and address of the program provider;
(c) that the developer is enrolled under the program;
(d) that the property being purchased is enrolled in the
program;
(e) the date on which the benefits provided for under the
program take effect;
(f) the date on which the benefits provided for under the
program terminate or the method by which that date is
fixed or is to be fixed;
Section 70 AR 168/2000
(g) in the case of a purchaser's protection program of the typ e
referred to in section 67(2)(a),
(i) the name of the party responsible for the receipt,
handling and disbursement of the money,
(ii) the terms and conditio ns governing the receipt,
handling and disbursement of the money, and
(iii) any exceptions or exclusions that would limit the
liability of the sponsor, including, without restriction,
any monetary limits or time limits;
(h) in the case of a purchaser's protection program of the typ e
referred to in section 67(2)(b) or (c),
(i) the circumstances und er which the purchaser's
protection program may be relied on, and
(ii) any exceptions or exclusions that would restrict a
purchaser's ability to rely on the purchaser's
protection program, including, without restriction,
any monetary limits or time limits.
(2) A program provider must provide a certificate under subsection
(1) to a purchaser forthwith after the program provider has been
notified that the purchase agreement has been entered into.